Abu Dhabi Murban crude trades at highest premium in more than 4 years -sources

Fuji Oil Co (Shinagawa)

14/05/2019 03:34

SINGAPORE, May 14 (Reuters) - 
    * Abu Dhabi's Murban crude traded at the highest spot
premium in
more than four years on a supply crunch in Asia, two trade
sources said on Tuesday
    * Japan's Fuji Oil bought a Murban cargo for July loading at
a
premium of just under $1 a barrel to its official selling price
(OSP) via a tender that closed late on Monday, they said
    * The refiner also bought a July-loading cargo of Upper
Zakum
crude at 70 cents to 80 cents a barrel above its OSP, the
sources said
    * Fuji Oil plans to secure alternative crude supplies
through term
contracts and by tapping the spot market after the U.S. ended
waivers on sanctions on Iran  urn:newsml:reuters.com:*:nL3N22L2EY


 (Reporting by Florence Tan; editing by Christian Schmollinger)
 ((Florence.Tan@thomsonreuters.com; +65 6870 3497; Reuters
Messaging: florence.tan.thomsonreuters.com@reuters.net))